Steel Mills
Stelco Commissions Pig Iron Caster
Written by Sandy Williams
January 28, 2021
Canadian steelmaker Stelco has successfully commissioned its new pig iron caster at Lake Erie Works. The new caster has the capability to produce one million tons of pig iron per year and will offer an alternative to scrap for EAFs and Stelco’s own recently upgraded blast furnace.
Pig iron is expected to be an attractive commodity as electric arc furnace production expands and puts pressure on existing scrap supply. Stelco plans to offer a portion of its pig iron to the market, enhancing its portfolio of products ranging from pig iron, to semi-finished steel, to hot-rolled sheet, to high-value-added cold-rolled and coated products, as well as advanced high-strength steels.
“The commissioning of the pig iron caster completes the most recent of our many strategic investments in Stelco since mid-2017, which have modernized our facilities, diversified our product mix and positioned Stelco to succeed in various market cycles,” stated Alan Kestenbaum, Executive Chairman and CEO of Stelco.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
AISI: Raw steel production eases to 5-week low
Domestic raw steel mill production slipped to a five-week low last week, according to the latest figures released by the American Iron and Steel Institute (AISI). Weekly production is now at the third-lowest level recorded this year.
Nucor maintains HR price at $750/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was unchanged week on week (w/w) at $750 per short ton (st) on Monday, Nov. 18.
Mexican court orders sale of officially bankrupt AHMSA
After failing to reach agreements with its creditors, Altos Hornos de México (AHMSA) has been formally declared bankrupt by a Mexican bankruptcy court.
AISI: Raw steel production edges back up
Domestic raw steel production recovered last week, after slipping the week prior, according to the latest American Iron and Steel Institute (AISI) data. Weekly production remains at some of the lowest levels recorded this year.
Cliffs closes its 2024 HR spot book
Cleveland-Cliffs announced the closing of its December order book for hot-rolled coil spot purchases, though it said contract bookings remain available.